Small-Business Data Startup Radius Pulls in $12.4 Million

Radius, a startup that mines and aggregates data about small and medium-sized businesses for sales professionals, announced Wednesday the completion of a $12.4 million series B round of financing. American Express joined as a new investor, backed up by existing investors, including BlueRun Ventures. A spokesperson said Radius’s focus is on marketers in “business insurance, payment services, banking, credit cards [and] telecoms” who need to reach small businesses.

Just as the atom bomb was the weapon that was supposed to render war obsolete, the Internet seems like capitalism’s ultimate feat of self-destructive genius, an economic doomsday device rendering it impossible for anyone to ever make a profit off anything again. It’s especially hopeless for those whose work is easily digitized and accessed free of charge.

— Author Tim Kreider on not getting paid for one’s work

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